Ethiopia's Tube or Pipe Fittings (Of Iron or Steel) Market Report 2024 - Prices, Size, Forecast, and Companies

Oct 25, 2024

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The Ethiopian market for tube or pipe fittings (of iron or steel) shrank to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a abrupt curtailment. Iron or steel tube fitting consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

In 2023, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Ethiopia; increasing by X% compared with 2022 figures. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel tube fitting exports fell slightly to $X in 2023. In general, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

The United Arab Emirates (X tons) was the main destination for iron or steel tube fitting exports from Ethiopia, accounting for a X% share of total exports. Moreover, iron or steel tube fitting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kenya (X tons), twofold. South Africa (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and South Africa (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for tube or pipe fittings (of iron or steel) exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and China (X% per year).

In 2023, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a mild contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

In 2023, purchases abroad of tube or pipe fittings (of iron or steel) was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports surged to $X in 2023. In general, imports, however, showed a mild setback. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In 2023, China (X tons) constituted the largest supplier of iron or steel tube fitting to Ethiopia, accounting for a X% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Belgium (X% per year).

In 2023, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for iron or steel tube fitting in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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